Browsing: FERS

Q. I am in my 11th year of federal service under FERS with the Department of Veterans Affairs. I plan to take a break from federal service and accept a private sector job for at least two years; but I eventually plan to return to federal employment in the future. 1. Can I leave my TSP account unchanged for the interim, or will I have to roll it over elsewhere? 2. Once I return to a federal job, will I have to have at least five continuous years yet again to be eligible to continue my FEHB coverage when I retire? 3.…

President Trump said: “We are proposing a budget that will shrink the bloated federal bureaucracy — and I mean bloated — while protecting our national security.” If the new administration carries through on his promise, there will be widespread staff reductions. However, some agencies will increase, sometimes substantially. So, if you left government through retirement or resignation, you may want to consider returning to the public sector.

Q. I am under FERS disability retirement with 23 years of service at age 49. I was told by the Office of Personnel Management that at age 62, my 23 years would be bumped up to 32 years — the difference between when I left and when I turn 62. So would it bump up my FERS retirement at age 62? Is this correct that it would be reconfigured at a higher annuity?

Q. I’m a FERS employee with the U.S. Postal Service. I have been with USPS for 28½ years and have two years and four months of time in the military. Can I retire now and still receive my special retirement supplement, or do I have to wait until I get 30 years with USPS?

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